Insights Into The Zinc Oxide Market’s Growth Opportunities Through 2023-2032 – Includes Zinc Oxide Market Forecast
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
Increased rubber production is likely to promote innovation in zinc oxide production, propelling the market over the forecast period.
The global zinc oxide market is expected to grow from $4.33 billion in 2022 to $4.63 billion in 2023 at a compound annual growth rate (CAGR) of 6.9%. The global zinc oxide market is expected to grow to $5.92 billion in 2027 at a CAGR of 6.3%.
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Global Zinc Oxide Market Segments Include:
- By Process: Indirect, Direct, Wet Chemical, Other Processes
- By Grade: Standard, Chemical, Pharma, Food, Other Grades
- By Application: Rubber, Ceramics, Chemicals, Cosmetics And Personal Care, Paints And Coatings, Pharmaceuticals, Agriculture, Other Applications
- By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global zinc oxide market in 2021.
Major Market Players in the zinc oxide market include Zinc Oxide LLC, EverZInc., Rubamin, Grupo Promax, Weifang Longda Zinc Industry Co. Ltd., Yongchang zinc industry Co. Ltd., Zochem, Suraj Udyog, J G Chemicals Private Chemicals.
The creation of ZnO nanoparticles has emerged as a prominent concept that is gaining traction in the zinc oxide industry. To preserve their market dominance, major companies in the zinc oxide market are focusing on creating innovative technologies. For example, Sonovia, an Israeli textile manufacturing company, will introduce its better ‘SonoMask’ brand of face masks in October 2020. In the face mask, Sonovia’s unique technology employs ZnO nanoparticles. These ZnO nanoparticles are integrated into the face mask’s fabric, making it more sustainable than other face masks. The product has been found to be 90% effective against COVID-19, according to the Israeli-based business. Furthermore, in EU-certified facilities, the face mask has been shown to eliminate 99.99% of viruses.
The Zinc Oxide Global Market Report 2023 provides a zinc oxide market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The zinc oxide market forecast analyzes zinc oxide market size, zinc oxide market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Zinc oxide is an inorganic substance found in nature as the mineral zincite. Zinc oxide is a white pigment that is also employed as a bulking agent or filler.
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